Qvivo Raises $1 Million in Series A

QVIVO Limited, Hong Kong-based provider of unlimited cloud storage, has secured US$1 million in funding from investors including SingTel Innov8, the SingTel Group’s corporate VC fund.

QVIVO, the recently launched cloud-based media company, plans to use the capital to expand its infrastructure capacity to meet the growth of users signing up to its unlimited cloud media storage plans.

The company’s platform enables users to sync their entire personal media collection of film, music and television favorites to the cloud to be streamed to any browser, desktop or mobile device. The cloud service offers unlimited media storage plans starting from US$1.99 per month.

QVIVO recently refreshed its suite of apps, allowing users to drag and drop media files and links directly onto the browser to then stream to any device with the QVIVO app installed.

"The post-PC era has reshaped how consumers enjoy their media and QVIVO is here to support them on any device they choose. Pause a movie on your tablet as you leave the home and resume it on your phone on the way to work, then finish it through your browser in your lunch break – all in sync with the QVIVO Cloud," said Liam McCallum, CEO and co-founder of QVIVO. "With our new financing in place we hope to reassure our users that their media collections, no matter how large, are secure for years to come."

QVIVO apps are free, allowing users to play and stream media around the home, automatically setting up a home network between devices running the app for PC and Mac. Away from home, users can also rely upon the QVIVO Cloud to stream through the browser, iPhone and iPad, with Android, Windows Phone and many more devices coming soon. Finally, QVIVO supersedes other cloud storage platforms by supporting storage capacity for thousands more video and music files. Users using QVIVO would enjoy a 96% cost saving over the Dropbox 500GB plan.

"QVIVO’s ability to offer cloud-based media storage and streaming anytime, anywhere and anyhow, especially in the realm of mobile video, is particularly relevant to consumers as their consumption of digital entertainment continues to grow. It’s an exciting space," said William Bao Bean, MD (Investments) of SingTel Innov8.